well the token supply is limited, tho some of them is locked for future usage by storj.
so it is a cyclical ecosystem or whatever its called.
i do kinda like the idea that dollar value is earned and then the storj token value is held by storj until the payout, so essentially one is paid what storj is worth at the time its earned…
ofc there are more than a few problems with this approach… the math just becomes … annoying to even attempt to calculate and verify will ofc be the same headache… so tho that is the approach i like it cannot work…
so lets assume we have to keep the monthly schedule we are on now…
- a company puts 1tb of data on the network and downloads it again in the same month.
- by the end of the month they pay in storj tokens.
- then 14 days later storj pays the SNO’s in storj tokens
this current method is highly dependent on storj tokens to keep a fairly stable value, else storj or SNO’s will loose value, if we say the storj token value dropped from say 80 cents to 4 cents… and expense of 10k$ to SNO’s would explode into a cost of 200k $ worth of storj tokens, just like it would vice versa.
and tho this is not a big issue for storj llc yet, because the golden rule is then one with all the gold makes the rules… xD
this may be a practical logistical way to distribute the tokens and calculate prices, but imo it’s a bit like taking a row boat out to sea… it will seem fine in fair weather and until one starts to get far enough out and the big waves, shade and provisions starts to come into play…
then it’s a disaster waiting to happen, ofc there are some advantage to this… like say if SNO’s started to flood the marked with Storj tokens shortly before we get paided, which would essentially bring down the prices and thus give us more storj payout.
ofc with that the whole issue of known variables comes into play and storj labs could just start buying up tokens before payouts to counter it…
infact there would be a financial incentive for storj to do this, so long as the ecosystem is healthy.
because tardigrade customers will buy the tokens when they need them anyways… or if they think they are undervalued, and since some of storjs capital reserves are in storj tokens then less excess tokens there is in the ecosystem the better value they will get.
but i suppose thats what the whole rolling lock down on the token pools are for, to ensure that storj labs cannot just dump the entire bunch on the market…
ofc they cannot do that because they would need storj to pay SNO’s so some would have to remain, but still with that much of a market share it’s fairly easy to manipulate a market value of any limited supply goods…
but yeah it’s very advanced stuff long term, but very interesting…
something i could rant and ponder over for weeks lol